A Note on Forecasting Alcohol Demand

Derby Voon and James Fogarty

Journal of Wine Economics, 2019, vol. 14, issue 2, 208-213

Abstract: A recent study in the Journal of Wine Economics presented forecasts of future alcohol consumption derived using the ARIMA (Box–Jenkins) method. Alcohol consumption forecasts can be developed using many different methodologies. In this Note we highlight the value of using multiple methods to develop alcohol consumption forecasts, and demonstrate the capability of the R software platform as a general forecasting tool. (JEL Classifications: D12, C53)

Date: 2019
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